Swiss lender Credit Suisse faces a litmus test over its rights issue, just one several trials markets must work through between now and year-end even if some are already gearing up for festive cheer.
European Central Bank
For some, the notion of peak rates, peak inflation and China's reopening is reason enough for cheer. Emerging stocks just had their best month since 2009. After months of pain inflicted by high inflation and aggressive rate increases, perhaps it's time to bring on the Santa rally.Monday's U.S. service sector data will provide a signpost on how the economy is faring given 375 basis points of Federal Reserve rate increases to fight decade-high inflation.
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